On average, listings lease in the $40's per square foot per year. The Tulane - Gravier region is going through a decline in rates. In the last 3 months, the median rate fell $12 per sqft per year. That's a 21% decrease in rent.
Compared to the rest of the Greater New Orleans Region market, the Tulane - Gravier submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 8 listings have been made available, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 950 sqft. Most properties in this region are close to 2 floors. Most buildings in this market were built in 0 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Tulane - Gravier occupants. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.